Risk prioritisation for cultural and arts infrastructure

Andrew Pham, Derren Foster, Christine Soo, Melinda Hodkiewicz

Research output: Chapter in Book/Conference paperConference paper

Abstract

Asset management is about delivering value to the organisation through its assets. However value is difficult to define for social infrastructure. In a cost-constrained environment challenging decisions have to be made in Cultural and Arts portfolios on which buildings should be prioritised for funding. We present an approach to compare asset performance and risk within one such portfolio. The Western Australian Government’s Culture and the Arts Portfolio includes agencies managing approximately 40 social infrastructure buildings such as museums, theatres, libraries and other buildings supporting culture and the arts. To establish an understanding of the assets in the portfolio semi-structured interviews were conducted with asset management experts. Using these results, an on-line survey and the literature, a risk prioritisation tool is developed. The tool was tested by application to three of the Portfolio’s buildings. The project identifies seven key criteria for the prioritisation of the Portfolio’s buildings. These are: Safety and essential services; housing of collection items; condition of building systems; reputation; technical facilities; service delivery; and public exposure. The project rates buildings in terms of importance and vulnerability in each of the seven criteria. Information is presented using a risk prioritisation score; an importance-vulnerability matrix; and spider chart.

Original languageEnglish
Title of host publicationAsset Intelligence through Integration and Interoperability and Contemporary Vibration Engineering Technologies
Subtitle of host publicationProceedings of the 12th World Congress on Engineering Asset Management and the 13th International Conference on Vibration Engineering and Technology of Machinery
PublisherSpringer
Pages483-490
Number of pages8
ISBN (Electronic)978-3-319-95711-1
ISBN (Print)978-3-319-95710-4
DOIs
Publication statusPublished - 2019
Event12th World Congress on Engineering Asset Management & 13th International Conference on Vibration Engineering and Technology of Machinery - Brisbane Convention and Exhibition Centre, Brisbane, Australia
Duration: 2 Aug 20174 Aug 2017
http://2017.wceam.com/

Publication series

NameLecture Notes in Mechanical Engineering
ISSN (Print)2195-4356
ISSN (Electronic)2195-4364

Conference

Conference12th World Congress on Engineering Asset Management & 13th International Conference on Vibration Engineering and Technology of Machinery
CountryAustralia
CityBrisbane
Period2/08/174/08/17
Internet address

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  • Cite this

    Pham, A., Foster, D., Soo, C., & Hodkiewicz, M. (2019). Risk prioritisation for cultural and arts infrastructure. In Asset Intelligence through Integration and Interoperability and Contemporary Vibration Engineering Technologies: Proceedings of the 12th World Congress on Engineering Asset Management and the 13th International Conference on Vibration Engineering and Technology of Machinery (pp. 483-490). (Lecture Notes in Mechanical Engineering). Springer. https://doi.org/10.1007/978-3-319-95711-1_48